Phoebe is built around a single thesis: in markets, the gap isn't data — it's synthesis. The data is everywhere. Objective translation isn't. Bloomberg terminals cost $24,000 a year and assume a professional reader. Cable news compresses everything into entertainment. Substacks lean on opinion. The middle — sophisticated translation for readers who want to understand what markets are actually pricing, without commentary or politics — is thin.
Two editorial outputs:
Market Internals — a structural snapshot of market state as of the equity close. Credit, breadth, volatility, positioning, dealer flow. A regime read backed by the data behind it. Refreshed every weekday.
Report Breakdowns — event-driven analysis of economic releases (NFP, CPI, PPI, PCE, FOMC, retail sales, GDP). Three sections, every time: what's real, what's noise, what it means. No directional calls. No opinion markers. Just what the data says.
Two reference tools:
Yields — reference page covering the Treasury yield curve and the 2-10 Year spread, in recent and historical context. Today's full par yield curve, the 90-day path of the 2-Year and 10-Year against the Fed Funds Rate, and a 50-year chart of the 2-10 spread with NBER recession bands shaded behind it. A visual anchor for where bond markets price growth, inflation, and Fed policy. Refreshed weekday afternoons after the close.
Credit — reference page covering the cost of corporate borrowing, in recent and historical context. Today's same-day tape for the LQD and HYG credit ETFs, the 90-day path of Investment-Grade and High-Yield yields against the 10-Year Treasury baseline, and a 19-year chart of LQD and HYG prices with six major credit-market stress events labeled. A visual anchor for how the bond market prices default risk. Refreshed weekday afternoons.
The target reader wants the work translated, not editorialized. A financially literate non-trader. A trader who doesn't know how to interpret economic reports. Anyone seeking objectivity absent opinion.
Methodology: the system behind these outputs is proprietary. Available on request.